NSE, BSE to conduct special F& O trading sessions today
MUMBAI: The National Stock Exchange ( NSE) and the Bombay Stock Exchange ( BSE) will conduct a special live trading session today in the F& O segment due to upgradation of the
system. On account of upgradation in Futures and Options ( F& O) trading system, hardware and software to the next generation system to improve processing capability and handle increased activities in the market, the NSE and BSE are conducting a special live trading session on Saturday, said an official statement. Trading will start at 11.15 am and end at 12.45 pm.
Tatkal scheme rakes in moolah for railways
NEW DELHI: The revenue generated under the Tatkal scheme for reservation of railway tickets has shown a steady increase, with the government earning Rs 847 crore in 2011- 12, an increase of Rs 118 crore over the previous year. In a written reply to a question on alt39 Revenue Generated under Tatkal Schemealt39, Minister of State for Railways Bharatsinh Solanki told Rajya Sabha today that ” The revenue generated by Railways under Tatkal scheme during 2009- 10 was Rs 672 crore. During 2010- 11 it was Rs 729 crore and in 2011- 12 it was Rs 847 crore.” He denied that the government is contemplating an increase in the seat quota under the Tatkal scheme.
WB: Remittances to India rose to $ 64 bn
NEW DELHI: India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $ 64 billion in 2011, almost 3% of the countrys gross domestic product ( GDP), according to World Bank data. In an on migration and remittance, the World Bank said remittance flow to India has surged due to the weak rupee and robust economic activities in the Gulf countries. The World Bank revised upward remittance flow estimate for 2011 by $ 5.8 billion from its previous estimate announced in November last year. ” An upward revision to flows to India in 2011 ( by $ 5.8 billion) is primarily due to a weak rupee and robust economic activity in the Gulf Cooperation Council countries, which are major destinations of recent migrants,” the World Bank said.
Thomas Cook net slides to Rs 78.5 lakh
NEW DELHI: Travel services firm Thomas Cook India reported 83.25 per cent decline in consolidated net profit for the first quarter ended March 31, 2012 at Rs 78.5 lakh compared to the same period last year, primarily impacted by a net gain from asset sale in the year ago period. The company had reported net profit of Rs 4.68 crore in the three months ended March 31, 2011.
The firms consolidated net sales for the first quarter of 2012 increased 4.75 per cent to Rs 81.92 crore, as against Rs 78.20 crore in the same period last year.
For the quarter ended March 31, 2012 the company had a consolidated other income of Rs 60 lakh. In the comparable quarter last year, its consolidated other income was Rs 8.80 crore, which included Rs 7.57 crore gained from sale of its assets. In February this year, the companys parent firm Thomas Cook Group Plc had announced the launch of formal sale process for its 77.1 per cent shareholding in Thomas Cook India.
Siemens net profit climbs to Rs 304 cr
NEW DELHI: Diversified group Siemens reported 11 % rise in profit to Rs 304 crore in three months ended March 2012, but cautioned that ” confidence” is low in the markets where it is operating. The entity had a profit after tax of Rs 274.3 crore in the year- ago period. In the March quarter, sales jumped to Rs 3,760.1 crore from 3,036.1 crore in the same period a year ago, the firm said in a regulatory filing. Siemens is the flagship company of German conglomerate Siemens AG in India.
